TEREX Corporation has signed a definitive agreement to acquire Keestrack, a manufacturer of mobile crushing, screening and related equipment.
Founded in Belgium in 1988, Keestrack equipment is used in the aggregates, recycling, construction and demolition industries. The firm serves customers in more than 65 countries through a network of over 70 distributors.
The acquisition will expand Terex Materials Processing’s crushing and screening portfolio and add manufacturing and distribution capabilities. Following completion, Keestrack will continue to operate as an independent brand within the Terex Materials Processing portfolio.
“Keestrack is a complementary addition to our aggregates portfolio, with established products, manufacturing capabilities and distribution,” said Pat Brian, VP, Terex Aggregates. “We look forward to working with the Keestrack team following completion of the transaction.”
Kees Hoogendoorn, co-founder and president of Keestrack Group, added, “Terex Materials Processing provides a strong platform for Keestrack’s next phase. Its approach allows Keestrack to maintain its brand and customer focus while gaining access to additional resources and capabilities.”
Terex confirmed that Peter and Frederik Hoogendoorn will continue in leadership roles within Keestrack. Kees and Annet Hoogendoorn will support the business during a transition period. The transaction is expected to close later this year, subject to customary regulatory approvals and closing conditions.
